Visa Inc (NYSE:V) Shares Sold by Aries Wealth Management

Aries Wealth Management cut its stake in shares of Visa Inc (NYSE:V) by 2.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 9,561 shares of the credit-card processor’s stock after selling 256 shares during the period. Visa comprises about 1.1% of Aries Wealth Management’s holdings, making the stock its 26th biggest holding. Aries Wealth Management’s holdings in Visa were worth $1,693,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Gladstone Institutional Advisory LLC raised its position in shares of Visa by 16.4% in the second quarter. Gladstone Institutional Advisory LLC now owns 5,560 shares of the credit-card processor’s stock valued at $965,000 after buying an additional 782 shares during the last quarter. Asset Dedication LLC raised its holdings in Visa by 4.2% in the 2nd quarter. Asset Dedication LLC now owns 16,109 shares of the credit-card processor’s stock valued at $2,799,000 after acquiring an additional 647 shares during the last quarter. Alera Investment Advisors LLC raised its holdings in Visa by 5.7% in the 2nd quarter. Alera Investment Advisors LLC now owns 1,599 shares of the credit-card processor’s stock valued at $278,000 after acquiring an additional 86 shares during the last quarter. Castle Rock Wealth Management LLC raised its holdings in Visa by 45.4% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 12,411 shares of the credit-card processor’s stock valued at $2,154,000 after acquiring an additional 3,876 shares during the last quarter. Finally, Doliver Advisors LP raised its holdings in Visa by 16.8% in the 2nd quarter. Doliver Advisors LP now owns 14,848 shares of the credit-card processor’s stock valued at $2,577,000 after acquiring an additional 2,134 shares during the last quarter. Hedge funds and other institutional investors own 80.99% of the company’s stock.

In other Visa news, Director Denise M. Morrison acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average cost of $171.13 per share, with a total value of $171,130.00. Following the transaction, the director now owns 3,223 shares of the company’s stock, valued at $551,551.99. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Vasant M. Prabhu sold 25,051 shares of Visa stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.14, for a total transaction of $4,537,738.14. Following the sale, the insider now owns 62,223 shares of the company’s stock, valued at $11,271,074.22. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by company insiders.

Several equities research analysts recently commented on the company. UBS Group increased their price target on Visa from $183.00 to $187.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Morgan Stanley increased their price target on Visa from $175.00 to $191.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Citigroup increased their price target on Visa from $185.00 to $206.00 and gave the company a “buy” rating in a report on Monday, September 9th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $202.00 target price on shares of Visa in a research note on Wednesday, July 24th. Finally, Nomura raised their target price on Visa from $178.00 to $204.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $196.57.

V stock opened at $170.86 on Wednesday. The business has a fifty day moving average of $176.63 and a two-hundred day moving average of $171.80. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.57. The stock has a market cap of $348.59 billion, a price-to-earnings ratio of 37.06, a price-to-earnings-growth ratio of 1.81 and a beta of 0.96. Visa Inc has a 52-week low of $121.60 and a 52-week high of $187.05.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.04. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. Visa had a return on equity of 41.04% and a net margin of 53.43%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the company earned $1.20 EPS. As a group, sell-side analysts anticipate that Visa Inc will post 5.4 EPS for the current year.

Visa Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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